(Reuters) – U.S.-based asset administration firm Apollo World Administration (NYSE:) has provided to make an funding of as a lot as $5 billion in Intel (NASDAQ:), Bloomberg Information reported on Sunday.
Apollo has indicated in current days it could be prepared to make an equity-like funding of billions of {dollars} in Intel, the report stated citing an individual aware of the matter.
Intel executives have been weighing Apollo’s proposal, Bloomberg reported, including that talks relating to the deal haven’t been finalized.
The scale of the potential funding might change and discussions might fall by way of, the report stated.
Apollo and Intel didn’t instantly reply to a Reuters’ request for remark.
